NFRA appears to spice up audit high quality

New Delhi: To boost the high quality and the extent of interactions between auditors and corporations’ audit committees, NFRA chief Ajay Bhushan Prasad Pandey has stated the watchdog plans to come back out with six to seven papers having units of questions that may cowl varied features of statutory audits. “The papers may even assist the stakeholders in asking the proper questions associated to audits,” he stated. Constituted in Oct 2018, the Nationwide Monetary Reporting Authority has been making efforts to enhance audit high quality and has handed over 80 orders in opposition to varied entities for auditing lapses.